03-30-2023, 10:12 PM
Haven't heard of VirnetX? That's because they hardly have any products to speak of. Mostly they just sue companies.
However, the US Patent and Trademark Office called BS on VirnetX's patent, and the Federal Appeals court agreed:
Both companies say if the USPTO's ruling is not overturned (by the US Supreme Court!) there's no way VirnetX gets its payday. VirnetX stock tanked after the decision was released.
BTW, don't feel too bad for VirnetX:
:RollingEyesSmiley5:
The two companies have waged a 13-year court battle that has included several trials and appeals. An East Texas jury awarded VirnetX $502 million in 2020 after deciding that Apple infringed the virtual private network (VPN) patents at issue in Thursday's decision.
However, the US Patent and Trademark Office called BS on VirnetX's patent, and the Federal Appeals court agreed:
The Federal Circuit on Thursday affirmed decisions by the USPTO's Patent Trial and Appeal Board that the patents were invalid in light of earlier publications that described the same inventions.
Both companies say if the USPTO's ruling is not overturned (by the US Supreme Court!) there's no way VirnetX gets its payday. VirnetX stock tanked after the decision was released.
BTW, don't feel too bad for VirnetX:
VirnetX separately won a $302 million verdict against Apple in an East Texas court in 2016, which was later increased to $440 million, over related allegations that the tech giant used its internet-security technology in features like FaceTime video calls.
:RollingEyesSmiley5: